NCR scheme secures £670m buy-in with PIC

clock

The NCR pension plan has entered into a £670m buy-in with Pension Insurance Corporation (PIC) covering 5,400 members of the consumer transaction tech firm's subsidiaries in the UK.

The plan's chair of trustees Stephen Swinbank said advisers Towers Watson and Reed Smith led the process and carried out a full tender process to select the most appropriate insurer. NCR vice pr...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Buy-in volumes could reach record £55bn in 2026, LCP says

Buy-in volumes could reach record £55bn in 2026, LCP says

Consultancy says PRT market will remain ‘highly active’ over the next 12 months

Martin Richmond
clock 05 January 2026 • 3 min read
Healthcare sector pension scheme secures £189m buy-in with Canada Life

Healthcare sector pension scheme secures £189m buy-in with Canada Life

Deal secures the benefits of 1,100 deferred members and over 600 members with pensions in payment

Holly Roach
clock 19 December 2025 • 2 min read
Skanska Pension Fund agrees £525m full buy-in with Standard Life

Skanska Pension Fund agrees £525m full buy-in with Standard Life

Transaction secures the benefits of 5,500 scheme members

Holly Roach
clock 18 December 2025 • 2 min read
Trustpilot